Most draw requests are filled in 2 days, but this varies depending on the lender. 

Especially based upon incomplete facts.  

So my advice to anyone that would care to hear it is, do not buy a property based upon a video since a video will not exactly show you foundation issues, and other things that only being in person can help with.

Also, like someone else mentioned - know your market and tenant base.

The City has a reputation of having a strong investment market that draws out of State investors for a reason, but it takes time to learn how to execute it properly.

And when these markets go into recession, it depends upon their job base.

Based on my poor customer experience I’m not confident you will get any money back after the 5 day cancellation period.

Once we sale, based on other comp in the area, our net profit will be around 30K. 

While it would be nice to sell without having to worry about cap gains at that time I'm looking for cash flow in my portfolio and with the renos this property should provide years of low maintenance rental income and a nice bit of equity we can draw out for future investment.  

I understand I cannot draw on the fund and the gains have to be reinvested.